# Staking APR

The APR you're seeing is a **virtual** one, calculated using the formula:

**Interest rate ×** [**Utilization rate**](https://docs.loopfi.xyz/the-protocol/earning-passive-agressive/utilization-rate) **× (lpETH supply / slpETH supply)**

However, it's important to note that rewards **only accrue when someone repays their debt.**

This means while the displayed APR reflects potential earnings based on market conditions, actual returns depend on borrower activity—no repayments, no rewards.

<figure><img src="https://1591631675-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FspKSN7bdT680kxNs4gaj%2Fuploads%2FszzblAALX8L3GJ9gwqgl%2Fimage.png?alt=media&#x26;token=2ba44980-c106-4d0c-ae6d-2798fc654caa" alt=""><figcaption><p>lpETH Staking APR</p></figcaption></figure>